Meeting of the Parliament 15 May 2024
Context and where we are is important. Interest rates are the highest they have been for a number of years, and that has impacted on the whole sector. Mark Griffin talked about the all-tenure approach, and I agree with him on that, but the rise in interest rates has impacted right across the sector. We have talked about construction costs, which have been very hard on the sector. Context is important. I will come on to some of the points that Willie Rennie has raised about what we are going to do next.
As I said, we have embraced system change, and the shift to rapid rehousing marked a cultural move away from the idea that tenants should be tenancy ready. I am proud of Scotland’s record on housing and homes, but we want to do much more. Of course we are proud of what we have done.
We want everyone to have a safe and affordable home that meets their needs. This year, we are making available nearly £600 million for the delivery of more affordable social homes.